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10 Jul 2025
As the digital revolution continues to reshape how we communicate, shop, and share ideas, a quieter but equally transformative wave is gaining momentum across the physical and industrial world. This is the realm of Deep Tech, where complex scientific and engineering breakthroughs are translated into scalable products and systems that address some of society’s most urgent challenges. From renewable energy materials to lab-grown proteins and precision automation, these innovations are redefining what it means to build, produce, and sustain.
EverQuest Capital Partners, a UK-based EIS (Enterprise Investment Scheme) fund launched in 2024. While much of the venture capital ecosystem continues to chase software and consumer-facing platforms, EverQuest is leaning into Deep MakeTech. This term blends "making" with technology to describe scalable industrial innovation across advanced manufacturing, biotech, materials science, and automation.
A Venture Fund Built for the UK Economy
EverQuest Capital is not a conventional VC fund. Its strategy is rooted in the understanding that while digital platforms can scale rapidly, they often lack the depth of systemic impact seen in sectors such as healthcare, energy, and manufacturing. Deep MakeTech innovations in these areas typically require more time, more technical infrastructure, and more specialised guidance to scale successfully.
To meet this challenge, EverQuest has created a hybrid model. It combines the financial leverage of the EIS structure, which offers investors significant tax relief and capital gains benefits, with a deep operational partnership with CPI (Centre for Process Innovation). CPI provides early-stage companies with access to advanced labs, technical experts, and pilot-scale production capabilities. This infrastructure allows founders to iterate, test, and refine their solutions with speed and precision, something that is often out of reach for young Deep Tech companies.
Why Deep MakeTech? Why Now?
Deep MakeTech is emerging as a critical investment theme for several reasons. First, the global imperative to decarbonise and reindustrialize is pushing both governments and businesses to seek new forms of sustainable production. This means rethinking how we make everything from food and fuels to circuit boards and medical therapies.
Second, the COVID-19 pandemic and ongoing geopolitical tensions have highlighted vulnerabilities in global supply chains. There is growing demand for localised, resilient manufacturing capabilities, particularly in strategic sectors such as biotech, semiconductors, and energy storage.
Third, advances in robotics, AI, and materials science are making it possible to bring futuristic ideas into industrial reality faster than ever before. But capital alone is not enough. These startups need partners who understand their technology and can help them scale safely and effectively.
This is where EverQuest Capital is positioning itself. It operates at the intersection of capital, capability, and commercialisation.
Examples from the Portfolio
EverQuest’s early investments reflect a strong alignment with global megatrends in sustainability, precision manufacturing, and regenerative health:
Descycle is pioneering eco-friendly precious metal recovery from e-waste using deep eutectic solvents. This offers a compelling alternative to traditional, pollutive smelting methods.
Qkine is a specialist in animal-free growth factors used in cell culture and regenerative medicine. Their work is helping to reduce the cost and complexity of producing lab-grown tissues and therapies.
Q5D is reinventing how electronics are manufactured through robotic 3D printing of electrical circuits. Their approach improves production speed and design flexibility for aerospace and automotive sectors.
Each company demonstrates the potential for science-backed, industry-focused innovation to drive both environmental and commercial outcomes.
Risk and Reward: The EIS Advantage
As with all high growth investing, Deep MakeTech carries inherent risks. Many involve product development cycles, complex regulatory environments, and upfront capital financing. However, the Enterprise Investment Scheme is designed to balance this risk by offering significant tax incentives to UK investors. These include:
30 percent income tax relief on investments up to £1 million per year
Tax-free capital gains on qualifying exits
Inheritance tax exemption after two years
Capital gains deferral when reinvesting into EIS-eligible companies
For investors with a long-term mindset and an interest in meaningful, measurable innovation, EverQuest offers a compelling proposition. It provides a chance to back the technologies that will define the next industrial era.
Supporting the Builders of Tomorrow
Founders working in advanced materials, clean energy, precision agriculture, design technologies, or industrial robotics often find themselves stuck in what is commonly described as the “valley of death”. These innovations are too scientific for mainstream VCs, yet too commercial for traditional grant funding.
EverQuest is stepping into that gap with not only capital but also a full spectrum of support. This includes access to CPI’s technical infrastructure, hands-on operational guidance, and fundraising and commercialisation advice. This comprehensive model makes EverQuest an attractive partner for scientists, engineers, and technical entrepreneurs looking to bring real-world solutions to market.
Final Thoughts
In an investment environment often dominated by short-term metrics and low-friction software models, EverQuest Capital is taking a different path. Its vision is longer-term with a strong risk adjusted return profile. And its ambition is clear: to help build the industrial backbone of the future. This is not just about backing startups. It is about backing solutions to real-world problems at scale.
Whether you are a founder seeking mission-aligned capital, an investor looking to diversify with high-impact exposure, or a policymaker interested in accelerating industrial innovation, EverQuest Capital represents a model worth watching and learning from.
Let’s keep the conversation going. How can more capital be directed toward Deep MakeTech? What will it take to mainstream Deep Tech investing in the UK and beyond?